So you want to cut costs. There are the obvious techniques everyone’s considered—outsourcing, downsizing, and other painful steps. These can save a lot of money, but at this point, many companies can’t trim any more staff without cutting back on operations. Still, a few are finding additional creative ways to cut spending here and there, sometimes adding up to significant savings.
The Scientist explores eight ways in which start-ups and established biotechs can save up to millions of dollars per year.
Johnny Stine runs his biotechnology lab at his Seattle start-up North Coast Biologics much like he would run his household. “Instead of paying a sanitation bill, I mop my own floors, take out my own trash and drive it to the dump,” says Stine. “I try not to pay for services that I can ...
